RBI Hikes Repo Rate; Experts Warn of Higher Home Loan EMIs, Weaker Festive Demand
Following the Reserve Bank of India's 25-basis-point repo rate hike, industry experts anticipate increased borrowing costs for homebuyers, potentially dampening housing demand, particularly in the mid-income segment, during the upcoming festival season.
The Reserve Bank of India’s 25-basis-point repo rate hike is likely to raise borrowing costs for homebuyers and add pressure to housing demand during the festival season, especially in the mid-income segment, industry experts said. The RBI on October 7 raised the repo rate by 25 basis points.